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Food Fortification Market Size, Share, Forecast, & Trends Analysis by Ingredient Type (Protein & Amino Acids, Vitamins, Lipids), Process (Drum Drying, Dusting), Application (Infant Formula, Dairy & Dairy-based Products, Beverages) - Global Forecast to 2031
Report ID: MRFB - 1041395 Pages: 250 Nov-2024 Formats*: PDF Category: Food and Beverages Delivery: 24 to 72 Hours Download Free Sample ReportKey factors driving the growth of this market include the increasing prevalence of micronutrient deficiencies, growing consumer awareness of the health benefits of fortified foods, and government regulations mandating food fortification. Additionally, innovation in fortification formulations and the emerging economies in regions such as Asia-Pacific, Latin America, and the Middle East & Africa are expected to present significant growth opportunities for market players.
Many people, particularly in developing regions, face significant challenges in accessing a diverse and balanced diet, leading to deficiencies in essential vitamins and minerals such as iron, vitamin A, and folic acid. In response to these public health concerns, governments and organizations are increasingly promoting food fortification as a cost-effective strategy to enhance the nutritional value of staple foods. By adding micronutrients to widely consumed products like flour, rice, and cooking oils, the food industry plays a critical role in addressing these deficiencies and improving overall health outcomes.
Moreover, the rising awareness among consumers regarding nutrition and health is further fueling the demand for fortified foods. As consumer awareness of the importance of micronutrients for health maintenance and disease prevention increases, there is a growing demand for fortified products. This shift in consumer behavior is prompting manufacturers to innovate and diversify their product offerings, resulting in a wider array of fortified foods tailored to specific health needs and dietary preferences. With the ongoing emphasis on nutrition, the food fortification market is positioned for substantial growth, driven by both public health initiatives and the escalating consumer demand for healthier food options.
In recent years, consumer awareness regarding health, nutritional enrichment, calorie reduction, and food safety has grown, particularly in developed countries and among high-income groups in developing countries. This shift is expected to transform the food & beverage industry and boost the growth of the food fortification market. Factors such as government initiatives to educate the rural population on nutrition, increasing the working population, and limited time for food preparation have all contributed to the increased demand for food fortification. Additionally, the growing understanding of the importance of a proper diet and the younger generation’s increasing inclination towards fitness are significant drivers of the food fortification demand.
The rise in the incidence of chronic diseases has also led to increased interest in personalized nutrition, which involves tailoring dietary recommendations to an individual's specific needs and health concerns. Food fortification can play a role in personalized nutrition, providing targeted health benefits based on an individual's health needs.
Furthermore, the prevalence of chronic diseases and conditions such as diabetes, arthritis, and heart disease is on the rise globally. According to the World Health Organization (WHO), in 2022, noncommunicable diseases (NCDs) accounted for 41 million deaths yearly, representing 74% of all deaths globally. Among these 41 million deaths each year related to NCDs, cardiovascular diseases accounted for 17.9 million deaths annually, followed by cancers (9.3 million), chronic respiratory diseases (4.1 million), and diabetes (2.0 million) deaths. Furthermore, according to World Health Organization (WHO) projections, the total annual number of deaths from NCDs will increase to 55 million by 2030 if timely interventions are not taken to prevent and control NCDs.
Nutrition and diet are crucial factors in the maintenance and promotion of good health throughout the entire life course. Chronic diseases are largely preventable diseases, and their prevention by modification in diet is a better option than costly treatments. Food fortification can prevent many diseases and provide essential human nutrients. Hence, with the rising chronic disease burden, the demand for food fortification is growing, fueling the growth of the food fortification market.
Thus, the changes in lifestyles due to the rise in incidences of chronic diseases have increased the demand for food fortification that supports better health, particularly low-fat, cholesterol, protein-rich, and weight-control products. Also, all-natural and clean-label trends within the food and beverage market are expected to increase the demand for food fortification.
The growing demand for food fortification in emerging economies, particularly in Latin America, Asia, and the Middle East & Africa, is boosting the growth of the food fortification market. These regions hold significant potential for future market growth. This growth is expected due to the rising consumer demand for convenient, nutrient-dense foods. In addition, factors such as growing consumer awareness about health and wellness and the increasing use of blockchain technology to gain visibility into product details such as source, manufacturing location, and transportation modes are further supporting the growth of the food fortification market in these regions.
Moreover, public health initiatives aimed at combating malnutrition and micronutrient deficiencies are gaining momentum in these emerging markets. Governments and organizations are increasingly recognizing the role of fortified foods in improving population health, particularly in areas where traditional diets may lack essential nutrients. This is leading to favorable policies and support for food fortification programs, as well as partnerships between the public and private sectors to enhance food security. As consumer awareness and regulatory frameworks evolve, the potential for fortified food products to address specific nutritional gaps becomes more pronounced, making the Asia-Pacific, Latin America, and Middle East & Africa regions key drivers in the expansion of the global food fortification market.
Based on ingredient type, the food fortification market is segmented into proteins & amino acids, vitamins, minerals, lipids, prebiotics & probiotics, carbohydrates, and other ingredients. In 2024, the proteins & amino acids segment is expected to account for the largest share of the food fortification market. The substantial market share of this segment is primarily due to the rising demand for functional and protein-rich diets, which are associated with muscle repair, immune function, and energy. Fortifying foods with specific protein & amino acids helps to address dietary deficiencies, enhance mental clarity, and promote overall well-being. Additionally, fortified foods can aid in weight management by increasing satiety, making it easier for individuals to control their calorie intake.
However, the minerals segment is expected to register the highest CAGR during the forecast period of 2024–2031 due to the rising awareness about the importance of mineral-rich diets for maintaining optimal health. Additionally, the growing demand for mineral-rich food and supplements among women to address post-menopausal conditions is further expected to drive the demand for mineral food fortification.
Minerals are essential for preventing nutrient deficiencies, particularly in populations with limited access to diverse diets. Essential minerals such as iron, calcium, zinc, and iodine are crucial for processes like red blood cell formation, bone health, immune function, and thyroid regulation. By fortifying foods with these minerals, public health initiatives can reduce the prevalence of related health issues, such as anemia, osteoporosis, and goiter.
In 2024, North America is estimated to account for the largest share of the global food fortification market. North America’s major share in the food fortification market is primarily attributed to the well-established food & beverage industry, high awareness of the health benefits of food fortification, growing popularity of protein bars, shakes, and cookies among millennials as healthy snacking options, and high demand for nutritional products across the region. Additionally, government initiatives to address nutrient deficiencies and enforce fortification programs contribute to the market’s growth in the region.
However, the market in Asia-Pacific is expected to record the highest CAGR during the forecast period 2024–2031 due to the growing awareness about the health benefits of fortified foods, population growth, urbanization, and increasing disposable incomes. Additionally, the expanding food & beverage industry, changing dietary preferences, rising incidence of diabetes & obesity, and increasing adoption of low-carb and clean-label trends are expected to drive the growth of the food fortification market in the region.
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market players over the past three years (2021-2024).
The key players profiled in the global food fortification market report are Nestlé S.A. (Switzerland), General Mills, Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), FMC Corporation (U.S.), BASF SE (Germany), DSM-Firmenich AG (Switzerland), Corbion N.V. (Netherlands), Tate & Lyle PLC (U.K.), Glanbia plc (Ireland), Kellogg Company (U.S.), Lonza Group Ltd. (Switzerland), Campbell Soup Company (U.S.), and SternVitamin GmbH & Co. KG (Germany).
Particulars |
Details |
Number of Pages |
250 |
Format |
|
Forecast Period |
2024–2031 |
Base Year |
2023 |
CAGR (Value) |
13.3% |
Market Size (Value) |
USD 207.58 Billion by 2031 |
Segments Covered |
By Ingredient Type
By Process
By Application
|
Countries Covered |
North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Poland, Netherlands, Belgium, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Thailand, Vietnam, Singapore, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa (Saudi Arabia, South Africa, UAE, Rest of the Middle East & Africa) |
Key Companies |
Nestlé S.A. (Switzerland), General Mills, Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), FMC Corporation (U.S.), BASF SE (Germany), DSM-Firmenich AG (Switzerland), Corbion N.V. (Netherlands), Tate & Lyle PLC (U.K.), Glanbia plc (Ireland), Kellogg Company (U.S.), Lonza Group Ltd. (Switzerland), Campbell Soup Company (U.S.), and SternVitamin GmbH & Co. KG (Germany). |
The global food fortification market size was valued at $77.02 billion in 2023.
The market is projected to grow from $86.58 billion in 2024 to $207.58 billion by 2031.
The food fortification market analysis indicates substantial growth, with projections indicating that the market will reach $207.58 billion by 2031 at a compound annual growth rate (CAGR) of 13.3% from 2024 to 2031.
The key companies operating in this market include Nestlé S.A. (Switzerland), General Mills, Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), FMC Corporation (U.S.), BASF SE (Germany), DSM-Firmenich AG (Switzerland), Corbion N.V. (Netherlands), Tate & Lyle PLC (U.K.), Glanbia plc (Ireland), Kellogg Company (U.S.), Lonza Group Ltd. (Switzerland), Campbell Soup Company (U.S.), and SternVitamin GmbH & Co. KG (Germany).
The rising integration of personalized and functional nutrition, along with a shift towards healthy lifestyles due to the rising incidence of chronic diseases, are prominent trends in the food fortification market.
By type, the proteins & amino acids segment is forecasted to hold the largest market share during 2024-2031.
By process, the drum drying segment is expected to dominate the market during 2024-2031.
By application, the dairy & dairy-based products segment is anticipated to hold the largest market share during 2024-2031.
By region, North America holds the largest food fortification market share in 2024. However, the market in Asia-Pacific is expected to witness the highest growth rate, driven by the growing awareness about the health benefits of fortified foods, population growth, urbanization, and increasing disposable incomes. Additionally, the expanding food & beverage industry, changing dietary preferences, rising incidence of diabetes & obesity, and increasing adoption of low-carb and clean-label trends are expected to drive the demand for fortified food in the region.
Key factors driving the growth of this market include the increasing prevalence of micronutrient deficiencies, growing consumer awareness of the health benefits of fortified foods, and government regulations mandating food fortification.
Published Date: Oct-2024
Published Date: Oct-2024
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